Need to Know: Fund managers are the least bearish in more than a year, says Bank of America, wiping out a buy signal.

by | Aug 15, 2023 | Stock Market

A downbeat day is stacking up for Wall Street after surprise rate cuts from China and stronger-than-expected retail sales data. Prefacing our call of the day is this quote from famed investor John Templeton: “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” Now for the call, which comes from…

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